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Nov 2, 2012
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u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers as well as our snowfall. again, a little bit of being a tip weather still knocking on the door of the northwest. here's a look at that system that i was telling you about. again, that will produce 1 to 4 inches of snow into portions of the dakotas as well as knocking on the door of northwestern minnesota. our storm system once it does track a little further east on sunday, things getting a difference from southeastern texas all the way up in to north carolina. now, as for those of you who are keepin
u.s. as of 8:00 p.m. on on monday october the 29th. we originally saw previous landfall. as we progress into the northeast for today, light snowfall and rain for today. but the bigger concern is what's happening with the system that will be diving across the country. it's going to take a nose dive south of the system that's actually produce rain and snow across the dakotas. it will eventually take a nose dive south. and what that will do, there we go, here's a look at some of our spotty showers...
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Nov 27, 2012
11/12
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customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the call? is he returning our calls? yeah, call me. judge denied a similar request in february. and while corzine has stepped down, some executives remain at the company and they're assisting in its wind down. >>> bankruptcy beard dino, california has devoted to halt payments in an effort to try to balance its budget. the city will present the plan to a bankruptcy judge on friday. sa they need to close a nearly $46 billion budget deficit. new york and new jersey need at least $71.3 billion to recover from the devast
customers, u.s. customers must close their accounts and withdrawal all funds by the end of the year. and a group of former mf global customers is asking a court for permission to subpoena the commodities brokers executives, including former ceo jon corzine, although no one's seen him. the commodity customer coalition is an advocate for trader customers who lost money when mf global went under. it wants to question mf executives under oath. we used to have him on here a lot. have we placed the...
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Nov 5, 2012
11/12
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right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box," making headline this is morning, southern company is reporting weaker than expected third quarter earnings in revenue, that was before the bell today. the atlanta-based electricity company says results were hurt by milder than normal weather and an uncertain economy. else where, rockwell automation quarterly earnings there and sales topped wall street estimates. this company makes factory automation equipment input costs climbed during the period and shares of transocean are getting a boost this morning after the company reported a higher than expect
right now look at u.s. equity futures, markets are under a little bit of pressure, s&p futures down by over 5 points. "squawk" will be right back. [ female announcer ] i found the best cafe in the world. ♪ nespresso. where there's a coffee to match my every mood. ♪ where just one touch creates the perfect cup. where every cappuccino and latte is made with fresh milk. ♪ and where clothing is optional. nespresso. what else? >>> welcome back to "squawk box,"...
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Nov 1, 2012
11/12
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at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in...
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Nov 14, 2012
11/12
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so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company is pushing. we look back historically, there are more enterprise switched. now the big push is in the data center. you think about the server market, that's about a $50 billion opportunity. so i think cisco's vision -- and i agree with it, they need to be a broader i.t. vendor, not just a networking vendor. server ucs broadens their market exposure. >> so what does scientific atlanta do at this point? do we even talk about it anymore? does it complement what they have? >> it definitely complements the product port
so u.s. is about 45%, 50%. >> so what do we see in terms of -- i don't know, what's the next big thing? is the cloud still influencing what cisco's product line will look like at this point? how does the company -- what's the strategy that they're using now? >> one area that they entered about four years ago was a server market with a product called ucs. ucs was up about 60% year over year. it's a business that drives a data center. the data center in the cloud is where this company...
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Nov 6, 2012
11/12
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donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing president obama say he's going to win. the people that are backing candidate romney, governor romney are saying it's going to be a close election. i don't know what that means. >> well, joe, it's all words right now. we're at the point where we'll find out probably tonight, maybe tomorrow, and maybe in a week from now. lot of people don't understand, this thing could go a long time before we find out who the winner is but it's going to be very close. i think people have great hope, and probably they have great hope on both sides, but you know, i
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing...
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Nov 15, 2012
11/12
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in the u.s. in that implicit guide relative to where much of the street was. >> you're talking walmart or target? >> walmart. that's right. >> for the walmart numbers, the stock is selling off, down by better than 3%. what is the big issue if it's not the guidance? >> i think the company has done a very good job of talking about areas in which they could improve the business. they had an analyst meeting in the fall which was bullish and highlighted essentially how they could go back and work on remerchandising the store. this company pursued the project impact strategy a number of years. >> the stock is down 3% and my guess is it's because of margins. >> right, i think that they as a result of having seen some success have gotten sefinvestorn opportunity to run walmart better. it's hard to think of walmart as a boss toms up story. this number is a little soft but needs some context. this is the toughest comparison they've had in a very long time. this is the best two-year stat comp. in three year
in the u.s. in that implicit guide relative to where much of the street was. >> you're talking walmart or target? >> walmart. that's right. >> for the walmart numbers, the stock is selling off, down by better than 3%. what is the big issue if it's not the guidance? >> i think the company has done a very good job of talking about areas in which they could improve the business. they had an analyst meeting in the fall which was bullish and highlighted essentially how they...
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Nov 20, 2012
11/12
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the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning. actually today fed chairman ben bernanke's speech at the economics sclub of new york is coming up at 12:15 eastern time. traders will be listening no any comments on the central bank's operation twist program and discussions about changing how the fed communicates about interest rates. operation twist expires next month. and there is some speculation the fed will continue making asset purchases by expanding the size of its $40 billion a month quantitate of it easing program. also on the economic agenda today, oc
the u.s. secretary of state hillary clinton is on her way to the middle east for talks with officials in a bid to try to end the deadly crisis. we've been watching oil prices, as well. and after sharp gains yesterday, you can see oil prices pulling back about 27 cents, still just about $89 for wti crude. we will have a live report from our nbc colleagues on the ground in the middle east coming up in the next half hour. >>> let's talk about some of the main market events of the morning....
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Nov 26, 2012
11/12
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it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
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Nov 23, 2012
11/12
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u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're r
u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big...
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Nov 12, 2012
11/12
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u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan -- >> the giants won the super bowl last year. a lot of people have told him he's fat and he should shut up. he's not fat anymore. she just shut up. but sanchez, you brush up against him and the ball goes flying out. >> they've been going back and forth. >> when the giants are the defending the super bowl champions and they got their butts kicked by the bengals and the other game unbelievable is johnny football. texas a and m and alabama, that was unbelievable. alabama number one. texas a and m just joined the sec. and this guy johnn
u.s. equity futures. dow and s&p coming off their worst week since july 4th. you can see they are indicated higher, but maybe not the bounce you might have expected. the dow up 23. >> squawk sports new, texans beating the bears 13-6. foster finished with 102 yards rush and touchdown catch and texans intercepted cutler twice before knocking him out with a concussion. >> no comment about the jets? >> they lost. >> andrew, here's the deal. >> did you see rex ryan...
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Nov 9, 2012
11/12
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u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more rational pricing and discipline. >> not just for consumers. >> i think it's good for consumers to have healthy airlines that will be there today and be there tomorrow and can make the investments in the product and the root structure. >> 787, would i know if i got on it would be so much better? >> you would know. it's incredible. >> why? >> because it is a quiet airplane, it's a spacious airplane. it's got great humidity. >> you don't dry out. >> more oxygen, big windows. it's a terrific airplane. it is so quiet, almos like being in an electric car. it
u.s. airways is a partner of ours, if u.s. airways merges, it would leave the star lines, that would not be good for us but on the other hand consolidation would be good and the benefits would far outweigh the cost. i think consolidation is a good idea. >> what are the benefits of consolidation? >> we've had way too many business plans chasing way too few passengers and way too much capacity in this business, it's been a fractured business and consolidation resulted in much more...
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Nov 8, 2012
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...
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Nov 16, 2012
11/12
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u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash and i think you'll see the rating agencies downgrade our credit again, you'll see fitch and moody's join s&p. i think you'll see corporations lose confidence. you'll see them slow down hiring, stop capital xebd churs, capital will go on on strike, it will be a hell of a mess. >> leaders of both parties think it would be to their advantage to go off the fiscal cliff. what a 12 straight that is, that we could win more as democrats
u.s. equity futures are down by about 21 points. s&p off by 3 1/2. and as we've been talking about daily, the looming fiscal cliff is a big piece of the market story. today barack obama is officially kicking off budget negotiations. at issue is a one-two punch. we have expiring bush era tax cuts and across the board spending cuts both set to hit in january. simpson and bowles with a warning to washington about what's at stake. >> if we get over on the cliff, we don't have a deal, and...
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Nov 19, 2012
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i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in america, whatever the price point, would prefer to rent, would prefer to purchase versus rent and i don't think they're looking first and foremost at the tax deduction as the key driver. >> ron, steve forbes here. what do you hear about how hard it is to get a mortgage, even though rates are low, and also what's happening in the jumbo mortgage market? in terms of availability of credit. >> you know, that's the real problem, if we look at what are the key issues that are really limiting housing purchases today, is the financial
i think the u.s. come to the bargain basement at the present time and with interest rates so very low, all-time record lows do you think the elimination of the mortgage deduction would have a significant impact on prices? >> i really don't. >> we have a short term impact on the lower price points. at the end of the day when we cut through all of the clutter, people need shelter, some form of shelter to that end, they can buy a home or they can rent, and i think there's people in...
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Nov 28, 2012
11/12
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but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's liquidation given the battles between management and the unions. some of this is -- >> they think there's going to be retaliatory moves to say forget -- >> and that they're going to line their pockets and, you know, on the way out. they, of course, are creditors as is so many others. >> we don't have any twinkies. >> no, you don't. >> we ate them all? >> those were already gone. we have devil dogs, funny bones, we have other ones, ring dings. >> ho hos. >> lemon cupcakes. >> while we're talking of ho-hos, quick check of t
but the u.s. treasury department is now stopping short of labeling the second biggest economy a currency manipulator. the white house is expected to send congress multibillion dollar request to fund the recovery of superstorm sandy. the storm caused an estimated borrow 70 billion in damages. some congressional aides saying the funding likely to be $11 billion. >>> to ensure an orderly wind down. the union says it objects to allowing incumbent management to supervise the company's...
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Nov 30, 2012
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they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft
they think of the u.s. being center right. and much to joe's chagrin, the u.s. is center right in an election year. fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for...
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Nov 13, 2012
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the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the election. what do you think? >> actually i'm so happy to be on your show because whenever i feel depressed and i see you, you group of people that are so optimistic, i feel enlightened and again full of life. so i think actually you should open up a clinic for depressed people and you would do very well because everybody would be good after talking to you. >> but would we be fooling them into feeling good? >> i think the point is i don't think markets are going down because of greece or the fiscal cliff because there
the u.s. trading session, even as people are feeling more optimistic resolving the fiscal cliff, the situation in europe is continuing to worry people. back over to you. >> kelly, thank you very much. >>> if there's gloom and doom out there, mark fc faber will f it. he joins us live from hong kong. we know that you're warn building this big meltdown. how much of that is because of the fiscal cliff, how much because of the election? we haven't had a chance to talk to you since the...
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Nov 29, 2012
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u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. yesterday a number of high profile corporate leaders met with president obama at the white house, including lloyd blankfein. >> both sides have acknowledge there had is revenue concessions and entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in a business context, i would say a deal would be in reach. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch.
u.s. equity futures at this hour actually higher. up by about 65 for the dow, s&p more than 7, and as joe mentioned, the fiscal cliff is still the focus. today treasury secretary tim geithner will be meeting with congressional leaders. first harry reid at about 10:00 and then followed by a session with john boehner, eric cantor, paul ryan and chairman of the house's tax writing ways and means committee dave camp. also lunch with republican senate minority leader mitch mcconnell and nancy...
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Nov 7, 2012
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if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that would help to complement the low rates from the fed and it would also be a statement kind of looking at europe that austerity really hasn't worked so well, vis-a-vis growth. do you think that would be useful? >> i'm in that camp. i think the europeans have been trying to push too much -- everybody counts fiscal policy around the world at the same time. it's kind of crazy by definition. so if for some miraculous reason congress could pull it off, that would be good for many reasons. it feels to me, the u.s. economy
if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that...